2214 Channing Way, Berkeley, CA 94704
- $995,000
Listed by Joey Wang, (510) 592-5554 from Keller Williams Realty
(If provided) CoList: from
- List Price
- $995,000
- MLS#
- EB41147827
- Status
- ACTIVE
- Lot Size
- 4,500
- Listing Area
- Berkeley Map Area 9
- Year Built
- 1905
Property Description
Two blocks to Cal. One block to Shattuck. Seven residential units plus a separate office space, fully occupied, in a 1905 Colonial Revival on a 4,500 SF lot. Six studios and one two-bedroom - private units in a submarket where shared houses dominate. $167,520 annualized gross income against a $1,100,000 asking price: a 7.8% cap at a 6.6 GRM going in, 9.7% and 5.6 at market as units turn. Two Berkeley Housing Authority tenancies pay roughly $3,387 monthly direct. Landlord carries all utilities across a master-metered building. A three-car tandem driveway sits unleased, the basement holds unallocated storage, and there is no laundry on site - three revenue lines absent from the rent roll. The parcel sits inside a Tier 1 transit zone and a campus development zone. $157,000 per unit, two blocks from the UC Berkeley campus.
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Additional Information
- Acres
- 0.10
- Amenities
- Balcony/Patio
- Cooling System
- None
- Exterior Features
- Wood Shingles, Siding - Wood, Wood Frame
- Floor Covering
- Tile, Vinyl, Carpet - Wall to Wall, Hardwood
- Garage Parking
- Tandem Parking
- Lot Size
- 4,500
- Neighborhood
- Berkeley Map Area 9
- Numberof Units
- 7
- Other Rooms
- Basement - Storage Area
- Roof
- Composition
- Unincorporated Yn
- Yes
- Zoning
- R-3
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